B+E, the first brokerage and technology platform for net lease real estate, today announced the sale of two Kentuckiana Curb Company (KCC) industrial properties located in Louisville, Kentucky for $13,500,000.
This investment features KCC’s corporate headquarters and primary operational hub for their mechanical division, both mission critical to KCC’s current operations. These assets feature absolute NNN leases with corporate guarantees and annual rental escalations.
“The buyer was thrilled to acquire two assets in a very strong industrial submarket, along with a rapidly growing tenant who has a proven operating history at both sites,” said B+E brokers William Brooks and Tim Hain. “Industrial properties continue to demand premium pricing and produce competitive bidding processes on deals like these.”
B+E facilitated a frictionless transaction process that allowed the purchaser to close within 60 days with no delays or extensions. The transaction was executed at a below-average cap rate for the highly desirable Bluegrass Industrial Park submarket.
For more information, contact William Brooks at wbrooks@tradenetlease.com or go to www.tradenetlease.com
About B+E
B+E is a modern investment brokerage firm, specializing in net lease real estate. The firm helps clients buy and sell single tenant real estate. Founded by deeply experienced brokers, B+E redefines trading through an intuitive end-to-end transaction platform comprising of user-friendly dashboards and an AI-driven exchange — all leveraging the largest data set in the net lease industry.
Source: WBOC.com